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7 Melbourne Rd
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2009 | Sold | ||
| Sold | |||
| May 11, 2009 | Listed by Coldwell Banker Realty - Needham | $429,900 | |
| Listed by Coldwell Banker Realty - Needham | |||
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Charming three bedroom, 1.5 bath Colonial in a sought after East Milton neighborhood. This home features a fireplaced living room, formal dining room with French doors, built-ins, gumwood trim, hardwood floors and central air. There is a finished lower level. Recent updates include: new roof, electrical and water heater. Close to schools, shops, park and easy access to Boston.
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| Apr 6, 1998 | Sold | ||
| Sold | |||
| Jul 31, 1996 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017